Stocks fell sharply on Tuesday after President Donald Trump’s latest threat to China increased fears of an impending trade war between the world’s largest economies.
The Dow Jones industrial average fell 324 points at the open, with Boeing and Caterpillar as the worst-performing stocks in the index. The 30-stock index also erased all of its gains for the year.
The S&P 500 dropped 0.8 percent, with materials, industrials, energy and tech all falling more than 1 percent. The Nasdaq composite dropped nearly 1 percent.
— CNBC Now (@CNBCnow) June 19, 2018
UPDATE: Dow tumbles 330 points, or 1.3 percent, at market open as China-U.S. trade dispute intensifies pic.twitter.com/QVLSTVj9r7
— Reuters Business (@ReutersBiz) June 19, 2018
— CBS News (@CBSNews) June 19, 2018